Nobel Memorial Prize In Economic Sciences

Even though no one in my immediate family had any college experience, I decided that I should go on to college. My mother saw no reason to support me during my college years since she had been supported only through high school. Fortunately, the semester fees at UCLA at that time were extremely low. I worked in the library, at a dime store, and at the bookstore. I was able to complete my undergraduate degree without going into debt.

Paul Krugman, The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2008: "for his analysis of trade patterns and location of economic activity", international and regional economics

Douglass North （1920 - 2015）an American economist known for his work in economic history. He was the co-recipient (with Robert William Fogel) of the 1993 Nobel Memorial Prize in Economic Sciences. In the words of the Nobel Committee, North and Fogel "renewed research in economic history by applying economic theory and quantitative methods in order to explain economic and institutional change."